PRESS RELEASE Initial disposal generates US$25m for re-investment in credit-finance projects

18th December 2014: AIM-quoted Adamas Finance Asia Limited (ADAM) has disposed of its interest in the Chinese pharmaceutical company Global Pharm Holdings Group Inc. for US$25 million, realising a US$2.6 million profit over its book value.

It is the first disposal from a portfolio of four assets acquired during the reverse takeover of ADAM
last February.
ADAM has announced a strategy of realising value from its current asset portfolio to generate cash for reinvestment in income-producing credit-finance opportunities.
ADAM Chairman, John Croft said: "This is an excellent start to our announced programme of planned asset disposals and further underlines the strong investment management capabilities of the Adamas investment management team in Hong Kong. We expect to use the cash received through the Redemption for investment in credit-finance opportunities in due course."

Full Stock Exchange Announcement follows:

For further information contact:

John Croft, Adamas Finance Asia Limited: +44 (0) 7785 315 588

Tim Feather, WH Ireland Limited: +44 (0) 113 394 6600

Allan Piper, First City Public Relations (Hong Kong): +852 2854 2666

Simon Hudson, Tavistock Communications (London): +44 (0) 20 7920 3170

www.adamasfinance.comTicker symbol: ADAM

Issued by First City (China) Ltd

ADAMAS FINANCE ASIA LIMITED ("ADAM" or the "Company") DISPOSAL OF INTEREST IN GLOBAL PHARM HOLDINGS GROUP INC

Adamas Finance Asia Limited is pleased to announce that it has agreed the redemption of the whole of the convertible bond held in the Chinese pharmaceutical company Global Pharm Holdings Group Inc. (the "Convertible Bond") for an aggregate cash consideration of US$25 million (the "Redemption").
The Redemption represents the first disposal from the portfolio of four assets acquired in the reverse takeover completed in February 2014 and is in line with ADAM's strategy of realising value from the current asset portfolio to generate cash for reinvestment in income producing credit- finance opportunities.
Under the Redemption agreement, ADAM will receive an initial payment of US$2.4 million on 31
December 2014, a further US$9 million on 31 March 2015 and a final payment of US$13.6 million on
30 April 2015, yielding an aggregate of US$25 million.
The value of the Convertible Bond in the ADAM balance sheet is US$22.4 million and the
Redemption is expected to generate a profit on disposal of US$2.6 million.
ADAM Chairman, John Croft said: "This is an excellent start to our announced programme of planned asset disposals and further underlines the strong investment management capabilities of the Adamas investment management team in Hong Kong. We expect to use the cash received through the Redemption for investment in credit-finance opportunities in due course."

Enquiries:

Adamas Finance Asia Limited

John Croft +44 (0) 1825 830587

Nominated Adviser and Joint Broker

W H Ireland Limited

Tim Feather +44 (0) 113 394 6611

Mark Leonard +44 (0) 20 7220 1763

Joint Broker

NSBO

Laurie Pinto +44 (0) 20 7024 4600

Public Relations Advisers

First City Public Relations (Hong Kong)

Allan Piper +852 2854 2666

Tavistock Communications (London)

Simon Hudson +44 (0) 20 7920 3170

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